30 May CommonEdits secures 600k in seed funding, planning to release platform June 2017
Businesses, particularly start ups, do not always take the most linear path to the creation of their success. Matthew S. Lewis, of CommonEdits, is no exception. On March 1, 2016 he appeared at Dallas New Tech to highlight his open source platform meant to take music back to the basics and the organic level.
In late 2015 Lewis had a passion, and idea, and a business plan. He has been working diligently to create a platform where the listener could find content that was not as hyper processed as the music industry currently is, lending a voice to independent artists that are looking to become cash-flow positive while holding onto their creativity and passion.
Fast forward more than a year later, and Lewis is still grinding away, looking to make a meaningful impact on the music world to create a true collaborative music platform. Lewis appears to have an innate sense of where he is professionally, and what he needs to do to ensure the long-term viability of his dream.
A year ago Lewis saw himself with Jason Taylor the founder and award winning entrepreneur of Code Authority, an organization that builds custom software. March 2016 saw Lewis faced with the opportunity to participate in CodeLaunch, a seed accelerator competition offered by Code Authority, but Lewis knew that CommonEdits was not yet ready.
For some startups, walking away from an opportunity like CodeLaunch, which is presented by Asset Panda and along with Code Authority, would be the beginning of the end. But not for Lewis.
Taylor, from Code Authority, wanted to get involved in CommonEdits and they jumped at the opportunity to invest into Lewis’ venture outside of the CodeLaunch competition because Taylor really felt that the underlying concept, and Lewis, were “intriguing.”
Code Authority offered Lewis investment in the form of a product discovery hackathon from their customer software team. CommonEdits won the 2016 SXSW’s Music Hackathon before accepting an invitation to the Seed Sumo accelerator but this was not the end of Lewis and Taylor’s investor relationship. Taylor’s team, in collaboration with CommonEdits put together a package for investors at both CodeLaunch and Seed Sumo, and last December this culminated with $600,000 in seed capital and the full platform under development with a June 2017 product launch date.
If you have a startup you’d like to enter into CodeLaunch’s 2017 competition, the application deadline is quickly approaching, and the application materials can be found here. If you’d like to attend the competition and Startup Expo on August 9, where Lewis will be the featured speaker, tickets can be purchased here.